#401k

Does anyone know if Wellsfargo will give the 401k contribution in Dec if decide retire this month.

I guess I was a sleep at the wheel and misssed this announcement. Did anyone hear from Oxy about the new rules for the catchup portion of our 401K. It looks like you might still be able to add to a Roth, but I used the pre-tax catachup for years now since I am older and could use it. I guess the govt needs more upfront tax dollars. This is an extra 2K a year I will be paying in taxes. Glad I am retiring in 2026.

https://www.foxbusiness.com/economy/some-americans-lose-popular-401k-tax-break-major-retirement-rule-change-starting-2026

In 2026, will HCSC offer a Roth 401k as the result of the Secure 2.0 Act, which requires catch up contributions for high earners be made only to a Roth 401k. Here we are in Q4 and I haven't heard anything yet. I believe if no Roth 401k option is available, then the high earner employee is not allowed to make catch up contributions. Curioyif anyone has heard anything on this from HCSC?

With the ill-received change to the 401k employer contribution*, I wonder how many people are waiting to retire at the first of the year so that they can get the 2025 contribution.

Principal is having a major outage with no ETA for when you will be able to access your retirement fund.

October 2023 : “ By 2026, Xerox projects a rise in operating income by at least $300 million (€285 million), reverting to double-digit adjusted operating income margins”.

October 2025 and the stock price if a quarter of what it was at the announcement time above, already having dropped by half over the prior 5 year average.

SteveB will say it is on track, he will say the Lexmark acquisition is key to the future growth, but this was not in his plan two years ago.

Does the. Lard really believe the continuing change of rhetoric from the CEO. The SLT all nod with appeasement, no one dare disagree, but all happy to take their pound of flesh and stock options ( although each time a worth less and less ).

No merit increase, frozen 401k.

What belies the future - will we get anything from the upcoming Q3 release ?

Nice job WF displacing people on 9/30 so they aren't still considered employees on 12/15 (with their 60 days notice) to get the entire year of 401k matching!

“But look at the stock price” was used as something of a justification for decisions like RTO and veneration of Stankey. Looked today though and the stock is effectively flat since early March and down vs. 6 months ago. S&P 500 is way up in that time period. Thank goodness I move my 401k match out of T and into investments that actually do something (for now)

so nice to wait till 3 months before the year is over to suspend 401k match while executes are getting big bonus

What happens if I resign during the first week of Dec (just to be eligible for 401k match), then the year end performance review happens and my manager had already decided to give me 5 rating?

1. Will I be able to serve the 30 day notice period, get the match and leave in Jan first week
   or
2. Will HR say all 5 will be let go before 12/31 including those already resigned?

Forced to give me 90 days warn
I got job starting week after warn ended
You built policy saying no 401K match or bonus due to effective dates. Lol
Now you get to eat my 30 weeks of severance

Your dirty policies failed. Nice try no cigar.

https://www.forbes.com/sites/kellyphillipserb/2025/09/26/how-to-navigate-retirement-savings-if-your-company--suspends-401k-plan-matches/?utm_campaign=forbes&utm_medium=social&utm_source=bluesky

Wondering which date I will most likely be hit. Guessing 10/14 to avoid 401k match, but who knows.

The entire Home Solutions area was robbed. We were moved to the “one home “ division and under their benefits. We lost 8 PTO days, Juneteenth holiday, and Black Friday holiday. We also lost VTO day making that 11 paid time off days today we lost. Our 401k will move to Centerwell with a match of only 3% so we lost 4.5% match. We lost half of our secure save so $260 a year lost. Our personify is now a lottery with a chance to win money so we basically lost that $500 . We have a 50% decrease of our life insurance. We have increased premiums for higher deductible plans. We did not agree to move out of the Traditional Humana benefits. We were forced and told they would give us a lump sum and an increase of hourly wages. That lump sum and minimal wage increase do not add up to all the losses. We want our traditional benefits back!!!

When we were told that they were cutting out some of our PTO,VTO, 401K and holidays to allign to the industry standard, I asked myself why are we not LEADING the industry standard. That is how quality staff is retained and businesses grow.

I had saved this off and thought I'd post it for anyone looking for info about the 401(k) match. The second bullet point has the details for those 60 and up.

Change to Eligibility for Company Matching Contribution Effective January 1, 2023, to be eligible to receive a Company Matching Contribution you must contribute to the Plan and meet one of the following criteria:

• You are an active employee on the last day of the applicable Plan year (an active employee for this purpose is defined as an employee who is currently employed or on approved leave of absence, excluding long-term disability), or

• You terminate employment during the applicable Plan year and, as of your employment termination date, you have attained the age of 60 with the sum of your age and vesting service (in both instances, full and partial years) at least equal to 65, or

• Your employment is terminated without cause on or after October 1 of the applicable Plan year and you are entitled to receive severance benefits pursuant to The Bank of New York Mellon Corporation Supplemental Unemployment Benefit Plan ("SUB plan") or under such other severance agreement or policy governing the termination of employment from BNY Mellon, or

• You are approved for long-term disability benefits during the applicable Plan year under a program maintained by the Company, or

• You die during the applicable Plan year and are an active employee at the time of death.

Hard that Ram processing department is getting leased out. Like 529 and workplace 401k. And at the qsm leadership pretty said that there is no correlation with rob big salary and the layoff but jobs are secured. And question they sold the location in fl for a leasing back opportunity, but fl reps are in cos and om.

Hearing in early September some drastic benefits changes will be announced. Including reduced 401K match & changes in PTO allowances. Big bummer as the 401K match is truly the only executional benefit we receive.

I got laid off and got no off boarding information today. My manager told me to hand in my laptop and expect to get my paycheck end of the month. I would like to get all my HR stuff like 401k details and my paystubs

I have more than $800k saved in liquid investments.
If I am laid off I will laugh out loud.
I feel sorry for those in debt with mortgages. Best of luck to you.

In the severance document at the end, they list the job title and age of the employee who was riffed. 77% were age 40 and older. 23% were less than 40. If that isn't age discrimination on a massive scale, then what is? My role was given to another employee younger, but as experienced as I was. I was not let go for performance reasons. I'm angry and there is nothing in my discipline that I can find online making it even worse to find employment after all these years of service. They gave me almost no notice of the riff. I barely had time to say goodbye to many of my coworkers. I understand if I were old and not able to think, and not able perform my job, but that isn't and wasn't the case here.
Roughly 2% of the 102K employees (slightly less than 2K employees were riffed).
If each employee made roughly $100K (just an off the top average guess) and there were 2000 employees, the company stands to save $200M per year in direct salary costs alone. That figure doesn't include payroll taxes, health insurance premiums, 401K matching contributions which they sc--wed us on as well as they pay it out at the end of the year (and not prorated to my knowledge), they sc--wed me on vacation time that I didn't use earlier in the year to keep the project on track, nor the floater holidays that I didn't take early on but had scheduled my vacation later in the year. Also this doesn't include bonuses (which I didn't get anyway, same with stock options or other benefits. Thus in total I estimate the guys at the top saved closer to $250-280M annually. I guess greed is good for the guys at the top.

Been away from Fidelity for a while. I was wondering if the 401k expansion order the current cabinet is working on will effect how Fidelity's 401ks work.

As far as I know, it's just a bill, so nothing is guaranteed. But, if the bill passes, then 401ks will ideally have more potentially asset options to invest in. Those would be private market, real estate, cryptocurrency funds (NOT actual crypto), commodities (physical gold or gold contracts), infrastructure financing, and income. The Department of Labor is now working with the SEC to see how many of the 6 things can pass. Again, we don't know if any of them will pass. But if some of them do pass, then it'll be up to the employer to decide which of the options that are passed can be invested in.

So let's speculate. Of the six potential options, IF they become a real thing, which investing options would Abby and co. offer to Fidelity employees for their 401k? There's a lot of hulabaloo about the current state of dynamic work, but would this make Fidelity a more attractive place to work?

I know I mentioned this is the trump administration, but let's please keep political opinions out of this.

I love this video for reference, although I'm good at budgeting and financial literacy, I'm not THAT good. Plus, anyone can use this for educational purposes, too: https://www.youtube.com/watch?v=5WzlS8qEIKw

Hi all, I’m planning to leave some time early next year. I understand that I would be eligible for APB (usually pay out mid Feb) and 401k true match-up (usually pay out late Jan) since I will be at Intel beyond Dec 31st. But if my last day is early Jan next year, is there any issues receiving the APB and 401k true match-up? Any datapoint from anyone had similar experiences from prior years will be greatly appreciated!

If you make $100k a year you will need $1.5 million to retire

https://youtu.be/lkOQNPIsO-Q?si=criEe4NpyKWGxNqE

What did everyone do with their 401K after they were laid off from Nike? I'd like to know if its better to keep it all there or to roll it over into a traditional IRA where I cane make more investment choices. I'm having a hard time figuring out what the administrative fees are and if Nike 401K has institutional share classes that would be cheaper than a traditional IRA. Thank you.

If anyone missed they are reducing the 401k / cash balance plan by 2 percent. SLT values young employees over tenured ones saying over 10 year employees receive too much vacation. KC you are the mini me of DR.